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Monterey Financial Services Celebrates 35 Years of Empowering Businesses and Consumers with Financing Options for Important Purchases

via Business Wire

Specializing in helping businesses monetize their receivables fast and providing loan servicing and collections as a service, Monterey Financial Services has a multi-decade track record of excellent service, customer-first approach, and helping businesses and consumers grow. Continuing the legacy of founders Bob and Kathi Steinke, MFS strives to make important purchases more accessible.

Monterey Financial Services (MFS), a leading force in the consumer receivables industry, is celebrating its 35th anniversary. Since its founding in 1990, MFS has supported thousands of companies and millions of consumers across the nation in a variety of industries—dental/medical, automotive, vacation clubs and timeshares, sporting goods, vocational schools and training, and home improvement—in achieving stronger revenue performance, broader consumer reach, and lasting financial results.

MFS remains committed to its mission: to empower businesses with the ability to optimize their sales through financing while maximizing growth and cash recovery. Offering a wide range of integrated solutions—from consumer financing and lease-to-own programs to loan servicing and delinquent debt recovery—MFS helps businesses maximize the value of their services and products by optimizing their receivables at every stage and enabling consumers to finance important purchases. The company’s industry expertise and commitment to innovation have allowed businesses to serve consumers across credit tiers, increasing profitability and expanding access to new markets.

MFS CEO Kevin Weiss, who joined the company earlier this year, said, “It’s an honor to lead a company that has stood the test of time. That track record is indicative of the strength and resilience of the company, which mirrors the strength and resilience of the team. I am excited to build on this strong foundation, while enhancing our technology capabilities to simplify and improve our customers’ experiences. We also remain committed to being a force for good and a contributor to the communities we serve.”

Over the years, MFS’ flexible infrastructure has enabled bespoke solutions for a variety of businesses in historically underserved markets. MFS and its employees contribute time, capital and expertise to organizations within and around its headquarters in Oceanside, California, including Operation Hope Vista, Brother Benno’s, Boys & Girls Club, Oceanside Soccer Club, and San Diego Humane Society. From youth sports to homelessness outreach and animal welfare, MFS encourages employee involvement and prioritizes giving back to the community it calls home.

MFS has been honored with numerous industry recognitions. Most recently, MFS was nominated for two distinguished awards at the 2025 GNEX Conference in Las Vegas—Best Strategic Partner and Best Place to Work—and has been named a Best Places to Work in Collections by ACA International and Best Companies Group for many consecutive years. Over the last three years, MFS has ranked among San Diego Business Journal’s Best Places to Work.

About Monterey Financial Services

Monterey Financial Services (MFS) helps businesses grow revenue by creating custom-tailored finance programs to service or purchase a company’s receivables. With risk-based pricing across the full credit spectrum, and by specializing in historically underserved industries, MFS has built a reputation for quality customer service, scalable programs, and a strong focus on compliance. For more information visit www.montereyfinancial.com.

MFS remains committed to its mission: to empower businesses with the ability to optimize their sales through financing while maximizing growth and cash recovery.

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